The Problem With Market Signals

markets are pretty good at managing ordinary change making sure the supermarket shelves are filled with detergents and snacks they're not so good at managing great transitions like decarbonization or a war economy what do we do about that I think that's absolutely right. The issue here is not you know scarcity of real resources which is what the mainstream would say it's demand if you make more windmills there's only so much demand somebody else is just going to have their businesses go bust, he says. So constraint is a problem of coordination that you have to do a lot of things at once they all have to happen in sync and markets as you say are okay with that when we're talking about